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Vitreous Glass Inc V.VCI

Alternate Symbol(s):  VCIGF

Building Materials Building Materials
Vitreous Glass Inc. is a Canada-based company, which is engaged in recycling glass. The principal business of the Company is cleaning, crushing and selling waste glass to the fiberglass manufacturing industry in the province of Alberta. The Company creates GlasSand cullet for use in fiberglass insulation manufacturing.


TSXV:VCI - Post by User

Vitreous Glass Inc
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  • mjh9413X
Comment by mjh9413on Oct 19, 2021 12:39am
201 Views
Post# 34020935

RE: Dividend

RE: DividendPity only 8 cents but still relatively decent yield. Since Cashion and wife own over 25% of shares is good for him  and, of course, he gets share of cash flow or revenues (going on memory here) as part of salary so this div is icing on the cake to him. (His compadre gets share of net income as part of his salary.) They all do very well.
Trouble is we have to wait to Dec to see FY results and presumably they are  basing 8 cents on this, no more. Trust, however, they maintain $1.5MM or more in revs over this and coming qtrs, whch wud make 8cents sustainable.
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